These websites offer the best online loans


In today’s rising inflation rates and struggling economy, it can be hard to make ends meet. It is equally difficult for single people, married people, people with children, people taking care of family members, and the list goes on. Banks may be plentiful to offer loans but most require many documents and collateral, and the process may be tedious, not to mention the high interest rates that go along with it. One avenue to check is Opa Locka title loans. But if title loans are not what you need, there are other sites that offer loans. 


Marcus by Goldman Sachs 

The 148-year-old financial institution named one of its products after one of its founders, Marcus Goldman. Marcus (the product) can provide personal loans ranging from USD 3,500 to USD 40,000, without charging fees, and at fixed interest rates throughout the loan term. Loan terms range from 36 to 72 months while the annual percentage rate (or APR) ranges from 5.99% to 28.99%. Marcus specializes in consolidating debt, credit cards, home improvement, and other personal loans. If the borrower has a credit score of 660 and above, Marcus is a good match. And for debt consolidation, loans are directly paid to the creditors to ensure successful payment of the debt.  



Founded by Louis Beryl and Benjamin Hutchinson in 2013, when Beryl was stumped for funding his education. Beryl’s loan applications were rejected by banks despite his earning potential. This prompted the founders to offer loans to borrowers based on merit (known as merit-based lending). Earnest provides student loan refinancing and personal loans. So borrowers with low credit scores or with no credit history have a chance in obtaining loans. Loanable amounts range from USD 5,000 to USD 75,000, with APRs ranging from 6.99% to 18.24%. The company has an app with a dashboard for borrowers to be able to manage their loan payments and debt easily. 



Social Finance, Inc. or simply SoFi was founded by Stanford Graduate School of Business students Ian Brady, Mike Cagney, James Finnigan, and Dan Macklin in 2011. They started the company with the intention of providing better student loans. Since its inception, it was able to expand their financial services to cover mortgages, personal loans, wealth management, and parent loans. Borrowers are evaluated based on their bill payment history, professional and education history, and free cash flow. They are more lenient and accommodating with responsible borrowers, which can be considered low-risk. It can lend to as much as USD 100,000 with APRs from 6.54% to 16.24%. Their loan terms can be as short as 24 months to 84 months. Plus they have an unemployment protection program should a borrower lose a job during the loan term. 

When taking out a loan, it is always best to borrow what is needed, for a reasonable and realistic time frame. 

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